Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Cassava Sciences Inc (NASDAQ: SAVA) was $26.48 for the day, down -17.71% from the previous closing price of $32.18. In other words, the price has decreased by -$17.71 from its previous closing price. On the day, 7.41 million shares were traded. SAVA stock price reached its highest trading level at $31.4 during the session, while it also had its lowest trading level at $26.02.
Ratios:
Our analysis of SAVA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.55 and its Current Ratio is at 3.55. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
B. Riley Securities Downgraded its Buy to Neutral on November 16, 2022, while the target price for the stock was maintained at $44.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SAVA now has a Market Capitalization of 1273966080 and an Enterprise Value of 1124987392.
Stock Price History:
Over the past 52 weeks, SAVA has reached a high of $42.20, while it has fallen to a 52-week low of $8.79. The 50-Day Moving Average of the stock is -3.90%, while the 200-Day Moving Average is calculated to be 15.33%.
Shares Statistics:
SAVA traded an average of 1.67M shares per day over the past three months and 2455160 shares per day over the past ten days. A total of 42.24M shares are outstanding, with a floating share count of 41.77M. Insiders hold about 13.18% of the company’s shares, while institutions hold 29.66% stake in the company. Shares short for SAVA as of 1730332800 were 18571405 with a Short Ratio of 11.10, compared to 1727654400 on 17625353. Therefore, it implies a Short% of Shares Outstanding of 18571405 and a Short% of Float of 41.31.
